Slide 1: A New Large High-Grade Gold Discovery
1.04 Million oz @ 12.30 g/t gold A NEW LARGE HIGH-GRADE GOLD DISCOVERY Follow us @bellevuegold BELLEVUE GOLD PROJECT | WESTERN AUSTRALIA OCTOBER 2018 WWW.BELLEVUEGOLD.COM.AU | ASX: BGL
Slide 2: Cautionary Statements and Disclaimer
DISCLAIMER CAUTIONARY STATEMENTS AND DISCLAIMER DISCLAIMER This presentation has been prepared by Bellevue Gold Limited (the Company) based on and risks that cause actions, events or results not to be anticipated, estimated or intended, information from its own and third party sources and is not a d
Slide 3: One of the Highest Grade New Gold Discoveries in Australia
ONE OF THE HIGHEST GRADE NEW GOLD DISCOVERIES IN AUSTRALIA BELLEVUE GOLD PROJECT – A MAJOR MINERALISED GOLD SYSTEM • Updated Independent JORC Inferred Resource Estimate, Bellevue Gold Project1 • Viago Lode is one of the highest grade recent gold discoveries globally, results BELLEVUE GOLD MINE WAS 2
Slide 4: A Standout High Grade Gold Project in Australia
A STANDOUT HIGH GRADE GOLD PROJECT IN AUSTRALIA ONE OF THE HIGHEST GRADE GOLD PROJECTS Note: one deposit higher @ ~60g/t gold • Bellevue Gold Project is one of the Viago Lode Resource Grade highest grade new gold discoveries in recent times in Australia • Viago Lode is one of the highest grade depos
Slide 5: A New High Grade Gold Discovery
A NEW HIGH GRADE GOLD DISCOVERY A STANDOUT COMPARED TO AUSTRALIAN UNDERGROUND MINING OPERATIONS Note: one gold deposit higher @ ~60g/t gold Grade of JORC resource estimates of Australian underground gold mines • Bellevue Gold Project is one of the highest grade new gold discoveries Viago Lode Resour
Slide 6: Corporate Summary
CORPORATE SUMMARY BUILDING STRONG FOUNDATIONS | FORMALLY DRAIG RESOURCES LIMITED ASX Code BGL Current Share Price A$0.34 Shares on issue1 402M Market Capitalisation A$137M Management, staff & consultant options/performance rights unlisted 114M Cash (as at Sept 2018 qtly report) A$4.4M (prices from $
Slide 7: Board of Directors
BOARD OF DIRECTORS A TRACK RECORD OF DISCOVERIES & CORPORATE SUCCESS Executive Director Non-Executive Chairman Managing Director & Company Secretary Mr. Ray Shorrocks Mr. Steve Parsons Mr. Michael Naylor Ray has more than 20 years’ Steve is an experienced Michael is a chartered experience in corpora
Slide 8: Excellent Location
EXCELLENT LOCATION MAJOR MINING DISTRICT IN WORLD-CLASS JURISDICTION Onsite at Bellevue • Excellent infrastructure mining license • Grid power • Services at Leinster, Leonora & Wiluna • Flights, Perth to Leinster (40km south) • Sealed roads • Water • Significant landholding • Granted Mining Licenses
Slide 9: Major Gold & Nickel Districts
MAJOR GOLD & NICKEL DISTRICTS WORLD-CLASS GOLD & NICKEL BELTS ADJACENT TO NUMEROUS GOLD PROCESSING PLANTS • Bellevue has major landholdings over 4,000km2 within prolific gold & nickel belts (BGL owns 100%) • Major producing gold mines within close proximity to Bellevue’s Projects: • Darlot (Goldfiel
Slide 10: Historic Bellevue Gold Mine
HISTORIC BELLEVUE GOLD MINE GRADE IS KING Historic Mine Shaft BELLEVUE GOLD LTD IS THE FIRST COMPANY TO • Bellevue Gold Mine historically produced about EXPLORE BELLEVUE 800,000 oz @ 15 g/t gold SYSTEMATICALLY FOR GOLD USING MODERN TECHNIQUES IN NEARLY • A century of high grade gold – Bellevue was d
Slide 11: Historic Bellevue Gold Mine
HISTORIC BELLEVUE GOLD MINE GRADE IS KING • Historically produced ~100,000oz pa gold LOM • 260kt pa processing plant (onsite) UNDERGROUND • Mine head grade ~ 15g/t gold MINING OPERATIONS AND PROCESSING • Excellent metallurgical recoveries of 97.5% PLANT CEASED IN 1997 • Formerly Bellevue was a highl
Slide 12: Multiple High-Grade Gold Lodes
MULTIPLE HIGH-GRADE GOLD LODES JUST SCRATCHING THE SURFACE OF A LARGE GOLD SYSYETM - STEPOUT & INFILL DRILLING UNDERWAY East • 4 kilometre mineralised corridor so far defined - open along strike • Mineralisation is open at depth • 2 new high grade gold lodes discovered within only a few months since
Slide 13: A Significant High-Grade Lode System
A SIGNIFICANT HIGH-GRADE LODE SYSTEM MULTIPLE HIGH-GRADE LODES – FURTHER DISCOVERIES HIGHLY LIKELY North South Tribune & Southern Belle resource wireframes Viago Lode OUTSIDE of historic mining development ALL are unmined new Lodes Note: High priority EM conductors marked in red LONG SECTION LOOKING
Slide 14: High-Grade Viago Lode - Maiden Resource Estimate
HIGH-GRADE VIAGO LODE - MAIDEN RESOURCE ESTIMATE 0.8 Mt @ 22.0 g/t gold for 550,000 oz gold inferred untested untested North • Consistent high grade diamond core drill results: 4.3 m @ 58.8 g/t gold3 untested untested 3.0 m @ 85.9 g/t gold4 6.4 m @ 27.9 g/t gold4 3.35 m @ 37.4 g/t gold5 2.8 m @ 19.0
Slide 15: Adjacent Existing Underground Workings
ADJACENT EXISTING UNDERGROUND WORKINGS STEP-OUT DRILLING UNDERWAY East • Analogous mineralisation style and host lithology to the Bellevue Mine • Early quartz veins with subsequent deformation and sulphide + gold mineralisation • Abundant coarse gold and well defined high- grade shoot development in
Slide 16: Bellevue Mine, Viago & Tribune Lodes Are Similar
BELLEVUE MINE, VIAGO & TRIBUNE LODES ARE SIMILAR MINERALISATION IDENTICAL TO HISTORIC BELLEVUE UNDERGROUND ORE TRIBUNE LODE • Lode quartz veins with sulphides (pyrrhotite) + visible 2.5m @ 29.0g/t & gold mineralisation 3.8m @ 5.2g/t gold HOLE DRD020 (22 MAR 18) • Excellent metallurgical test results
Slide 17: Bellevue Gold Project 2018
BELLEVUE GOLD PROJECT 2018 GRANTED MINING LICENCES & GEARED UP FOR DISCOVERY SUCCESS IN 2018 & 2019 2 x Diamond Drill Rigs currently drilling onsite 12 person camp Drill core shed +40,000 metres of stored drill core laydown area Field vehicles ASX:DRG ASX: BGL | 17
Slide 18: Multiple Bellevue Regional Targets
MULTIPLE BELLEVUE REGIONAL TARGETS A HIGHLY PROSPECTIVE LANDHOLDING UNTESTED FOR 20 YEARS Kathleen Valley 2m @ 19 g/t from 32m • BELLEVUE NEAR-MINE TARGETS INCLUDE: 5m @ 9.78 g/t from 8m • Tribune Lode discovery. Bellevue Northern extension • Western Mineralised Corridor - a major new target 11m @ 6
Slide 19: A Large Strategic Ground Position
A LARGE STRATEGIC GROUND POSITION HIGHLY PROSPECTIVE BELLEVUE & SOUTH YANDAL GOLD PROJECTS • Bellevue Gold’s land position is over 4,000km2 • Bellevue Gold owns 100% of the Bellevue, Yandal South, Jundee North & Fisher West Gold Projects • All located in close proximity to the Bellevue Gold Project
Slide 20: Unlocking the Potential at Bellevue
UNLOCKING THE POTENTIAL AT BELLEVUE FUNDED FOR DISCOVERY DRILLING & RESOURCE DEFINITION Now Recent results 2 x drill rigs Qtr 4 ongoing Qtr 1 2019 underway Ongoing surface Qtr 4 & Qtr1 High-grade 1,040,000oz Regional Updated Viago Lode Targeting & downhole @ 12.3g/t gold Bellevue & Yandal resource e
Slide 21: A Lot Further to Go
A LOT FURTHER TO GO HIGH-GRADE UNDERGROUND MINING OPERATIONS IN WESTERN AUSTRALIA WILL CONTINUE TO GO DEEPER Bellevue Paulsens Jundee Darlot Kanowna Belle Agnew Gwalia surface Bellevue Gold Northern Star Northern Star Red 5 Northern Star Goldfields St Barbara surface ~800koz Historically Produced Hi
Slide 22: Bellevue High-Grade Gold
BELLEVUE HIGH-GRADE GOLD Rapidly Discovering New Lodes Within A Significant High-Grade Gold System ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES IN ITS DAY BELLEVUE GOLD LTD IS RAPIDLY CREATING SHAREHOLDER VALUE THROUGH DRILL METRES & RESOURCE GROWTH 1.04M 12.3g/t oz One of the Rapid delineation Multi
Slide 23: Appendices Follow
Appendices follow Suite 3, Level 3, 24 Outram Street West Perth| T: + 61 (08) 6424 8077| E: admin@bellevuegold.com.au
Slide 24: Competent Persons Statement
COMPETENT PERSONS STATEMENT The information in this presentation that relates to Exploration Results and Exploration Targets is based on information compiled by Mr Shane Hibbird who is a member of the AusIMM, Australian Institute of Geoscientists (AIG) and the Society of Exploration Geologists (SEG)
Slide 25: Resource Estimate Bellevue Gold Project
Resource Estimate Bellevue Gold Project Independent JORC 2012 resource estimate for the Bellevue Gold Project (ASX 22 October 2018): 3.5 g/t gold lower cut off, totals rounded to reflect acceptable precision JORC Mineral Resource Estimate Classification Tonnes (Mt) Grade Gold g/t Gold Ounces Inferre
Slide 26: Tribune Lode: A High-Grade Discovery at Surface
TRIBUNE LODE: A HIGH-GRADE DISCOVERY AT SURFACE HIGHLY PROSPECTIVE WESTERN MINERALISATION CORRIDOR WEST OF THE HISTORIC BELLEVUE MINE WORKINGS • New BGL Tribune Lode discovery located only 300m west of • Mineralised from surface and so far drilled down to only the Bellevue mine workings in the under
Slide 27: Bellevue Underground Mine
BELLEVUE UNDERGROUND MINE TARGETING THE EXTENSION OF THE HISTORIC HIGH-GRADE BELLEVUE GOLD LODE • Bellevue is a very high-grade lode mined underground to only 450 metres below surface. • VIAGO Lode new discovery sits directly below the historic workings • High-grade historical drill intercepts from